SkyPower signs 200 MW solar power purchase agreement with Telangana

KOLKATA: Canada-based solar energy project developer SkyPower has signed four power purchase agreements (PPA) with the Telangana government to build and operate 200 MW of solar energy projects in the state, the company said in a statement.

“The agreements with Telangana mark the continuation of SkyPower's growth strategy in India, one of the fastest growing solar markets in the world,” it said. “Over the past several months, SkyPower has secured 400 MW of solar projects in Madhya Pradesh and Telangana.”

Kerry Adler, president at SkyPower, said the company is committed to making a contribution to India's goal of generating 100 GW of solar power by 2022. “The vast global experience of the SkyPower team combined with the company's proprietary development platform enables SkyPower to provide solar power in India at truly market competitive rates,” he said.

The company plans to commence construction of its solar energy projects in Madhya Pradesh this year.

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